FirstSavingsofRainbow,Iowa,reportedtransactiondepositsof$75million(thedaily average for the latest two-week reserve computation period). Its nonpersonal time deposits over the most recent reserve computation period averaged $37 million daily, while vault cash averaged $5 million. Assuming that reserve requirements on transac- tion deposits are 3 percent for deposits over $10.7 million and up to $58.8 million and 10 percent for all transaction deposits over $58.8 million while time deposits carry a 3 percent required reserve, calculate this savings institutions required daily average reserve balance